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Weekly IRS Roundup December 9 – 13, 2019


By on Dec 17, 2019
Posted In IRS Audits, IRS Guidance, Uncategorized

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of December 9 – 13, 2019. December 10, 2019: The IRS issued a notice providing that the requirement to report partners’ shares of partnership capital on the tax basis method will not be effective for 2019...

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Weekly IRS Roundup December 2 – 6, 2019


By on Dec 9, 2019
Posted In IRS Audits, IRS Guidance, Uncategorized

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of December 2 – 6, 2019. December 2, 2019: The IRS issued final regulations providing guidance relating to the determination of the foreign tax credit as well as guidance relating to changes made by the 2017...

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Weekly IRS Roundup November 25 – 29, 2019


By on Dec 2, 2019
Posted In IRS Audits, IRS Guidance, Uncategorized

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of November 25 – 29, 2019. November 26, 2019: The IRS issued a News Release regarding a Revenue Procedure that updates the rules for using per diem rates to substantiate, under section 274 and Treas. Reg....

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Weekly IRS Roundup November 18 – 22, 2019


By on Nov 26, 2019
Posted In IRS Guidance, Uncategorized

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of November 18 – 22, 2019. November 19, 2019: The IRS published final regulations that affect United States persons with direct or indirect ownership interests in certain foreign corporations. The regulations provide rules regarding the attribution of...

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Weekly IRS Roundup November 11 – 15, 2019


By on Nov 20, 2019
Posted In IRS Guidance, Uncategorized

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of November 11–15, 2019. November 11, 2019: The IRS released Delegation Order 30-9 announcing the delegation of authority to withhold cases from IRS Appeals and deny requests for Appeals review in cases designated for litigation. The...

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Weekly IRS Roundup November 4 – 8, 2019


By on Nov 11, 2019
Posted In IRS Audits, IRS Guidance, Tax Reform, Uncategorized

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of November 4–8, 2019. November 4, 2019: The IRS posted a new Large Business and International active compliance campaign on Section 965 transition tax as enacted under the 2017 TCJA. The IRS stated that the goal...

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Weekly IRS Roundup October 28 – November 1, 2019


By on Nov 4, 2019
Posted In IRS Guidance, Uncategorized

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of October 28 – November 1, 2019. October 30, 2019: The IRS issued an Action on Decision in which it recommended nonacquiesence in a franchise transfer case Greenteam Materials Recovery Facility PN v. Commissioner, T.C. Memo...

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Weekly IRS Roundup October 21 – 25, 2019


By on Oct 29, 2019
Posted In IRS Guidance, Uncategorized

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of October 21 – 25, 2019. October 21, 2019: The IRS issued a news release in which it announced the launch of its second annual International Charity Fraud Awareness Week. The IRS joined an international coalition...

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Weekly IRS Roundup October 14 – October 18, 2019


By on Oct 21, 2019
Posted In IRS Guidance, Uncategorized

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of October 14 – October 18, 2019. October 15, 2019: The IRS published a news release that discusses several tax benefits available to military families as part of National Work and Family Month.   October 15, 2019:...

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Weekly IRS Roundup October 7 – October 11, 2019


By on Oct 14, 2019
Posted In IRS Guidance, Uncategorized

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of October 7 – October 11, 2019. October 7, 2019: The IRS announced that taxpayers who requested the six-month filing extension should complete their tax returns and file on or before the October 15 deadline. October...

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